Lloyd’s broker Tysers is growing its presence in Dubai in a move that builds on the firm’s strategy to expand its international operations. Tysers opened its Dubai office in 2006. It has developed into a regional hub focusing on the marine, non-marine, financial, and professional risks sectors.

James Cooke, deputy senior executive officer at Tysers Dubai, said: “The Middle East is developing into an important financial hub. Local government initiatives have resulted in billions of dollars being invested in new construction projects around the Gulf.

“The UAE, Saudi Arabia and Qatar have significant development plans, including the Saudi Vision 2030, the Qatar World Cup and the UAE’s programme of 50 Projects for 50 Years of the UAE.”

He added: “By expanding our marine, construction and casualty capabilities in Dubai, we are in an excellent position to support the local market and our clients as the region enters an exciting new stage of growth.”

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